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Bogdan Neacsu, viccechairman of Garanti Bank was named head of the risk division of Carpatica Bank

The board of the Carpatica Bank ( BCC stock exchange symbole) approved the nomination of Bogdan Neacsu,vicechairman of Garanti Bank as executive manager of RiskDivision, member of the board, for Carpatica Bank with a tenure of four years.

The decision depends on the previous agreement from BNR, a press release of the bank sent on Friday to the Bucharest Stock Exchange.

Neacsu has had experience of over 12 months in the banking domain, with the executive manager for risk and member of the board of Volksbank Romania.

In 2004, Neacsu was named economist with the Deparment Regulation and Authorisation, the Service for banking regulation in BNR. Later, he occupied different management positions in risk areas of several banks.

In August 2015, Bogdan Neacsu was nominated as deputy general manager of Garanti Bank, responsible with the coordination of the activities of Risk: Risk management, Permanent control, corporate compliance and governance.

The Commercial Bank Carpatica (BCC) recorded losses in 2016 of 42.06 million lei (9.3 million euro) dropping by 44% against the negative result reported in the previous year, after cutting down on expenses to compensate the reduction of collections.

The solvency of the bank went up to 14.6% over the minimum threshold at the end of 2016 from only 4.9% in December 2015, following the increase of the capital in February by the new shareholder Patria Bank.

The bank restructured its activity in 2016. Thus Carpatica recorded a dramatic drop of the income out of exploitation in 2016 with 27% up to 83.5 million lei, as the reduction of the income from interest with 19% at 38.8 million lei and the income from commissions with 7% at 20 million lei.

The shareholders approved in July the activity plan for 2016 on the basis of which Carpatica resumed its loan activity. Similarly, the bank moved on 6 July 2016 the headquarters from Sibiu to Bucuresti, according to the decision of the shareholders.

The bank experienced in the last years profound changes, facing a series of difficulties after the owner had a criminal accusation.

Ilie Carabulea resigned from the position of chair of the supervision council of the Carpatica Bank in 2012, immediately after the Court of Cassation and Justice sentenced him to one year and a half imprisonment for bribery.

The bank is listed on the Stock Exchange Bucuresti and has a market value of 231.2 million lei (51.3 million euro).

 

 



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